terminal bonus

An additional amount of money added to payments made on the maturity of an insurance policy or on the death of an insured person, because the investments of the insurer have produced a profit or surplus. Bonuses of this kind are paid at the discretion of the life office and usually take the form of a percentage of the sum assured.

Accounting dictionary. 2014.

Look at other dictionaries:

  • terminal bonus — ➔ bonus * * * terminal bonus UK US noun [C] ► INSURANCE an extra payment made to the owner of some types of insurance policy at the time that the policy is ready to be paid: »At maturity, the insurance company pays the sum assured …   Financial and business terms

  • terminal bonus — /tɜmənəl ˈboʊnəs/ (say termuhnuhl bohnuhs) noun free addition to the sum assured on a policy to reflect the excess of the market value of the life assurance company s assets over their book value; paid once only when the policy matures. See… …   Australian English dictionary

  • terminal bonus — /ˌtɜ:mɪn(ə)l bəυnəs/ noun a bonus received when an insurance comes to an end …   Dictionary of banking and finance

  • terminal bonus — An additional amount of money added to payments made on the maturity of an insurance policy or on the death of an insured person, because the investments of the insurer have produced a profit or surplus. Bonuses of this kind are paid at the… …   Big dictionary of business and management

  • bonus — bo‧nus [ˈbəʊnəs ǁ ˈboʊ ] noun [countable] 1. HUMAN RESOURCES an extra amount of money added to an employee s wages, usually as a reward for doing difficult or good work: • The bonus is discretionary but linked to performance. • The car company is …   Financial and business terms

  • terminal — 1. adjective 1) a terminal illness Syn: incurable, untreatable, inoperable; fatal, mortal, deadly; Medicine immedicable 2) terminal patients Syn: incurable, dying; near death, on one s deathbed, on one …   Thesaurus of popular words

  • bonus — 1) An extra payment made to employees by management, usually as a reward for good work, to compensate for something (e. g. dangerous work) or to share out the profits of a good year s trading. 2) An extra amount of money additional to the… …   Big dictionary of business and management

  • terminal — 1. adjective 1) a terminal illness Syn: incurable, untreatable, inoperable, fatal, lethal, mortal, deadly 2) a terminal bonus may be payable Syn: final, last, concluding, clos …   Synonyms and antonyms dictionary

  • bonus — /ˈboʊnəs / (say bohnuhs) noun 1. something given or paid over and above what is due. 2. a sum of money paid to a shareholder, partner, employee, or agent of a company, a returned soldier, etc., over and above the regular dividend or pay. 3. Stock …   Australian English dictionary

  • bonus rate — The total rate of return on a with profits policy, including the terminal bonus or any other bonuses paid by the insurance company …   Big dictionary of business and management

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